Need a quick $750? It could be yours, especially if you haven’t yet filed your 2011 federal income tax return.
Refunds totaling $28.7 million are waiting for an estimated 28,400 Washington taxpayers who did not file their 2011 returns, the Internal Revenue Service has announced.
To collect the money, the taxpayers must file a 2011 tax return with the IRS no later than Wednesday, April 15.
"People could be missing out on a substantial refund, especially students or part-time workers,” said IRS Commissioner John Koskinen in a release. “Some people may not have filed because they didn’t make much money, but they may still be entitled to a refund.”
The IRS estimates half of the potential refunds for 2011 are for more than $750.
If you do not claim your refund, then the people of America thank you because the money goes to the U.S. Treasury.
“Many of those who did not file in 2011 may also be eligible for the Earned Income Tax Credit which could potentially increase their refund,” said IRS spokesman David Tucker. “EITC is targeted toward those workers with low-or-moderate incomes.”
For 2011, the EITC could be worth as much as $5,751. The EITC thresholds for 2011 were:• $43,998 ($49,078 if married filing jointly) for those with three or more qualifying children.
• $40,964 ($46,044 if married filing jointly) for people with two qualifying children.
• $36,052 ($41,132 if married filing jointly) for those with one qualifying child.
• $13,660 ($18,740 if married filing jointly) for people without qualifying children.
Current and prior year tax forms and instructions are available on the IRS.gov Forms and Publications page, or by calling 800-TAX-FORM (800-829-3676).